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pay taxes for the first time in my life. [ laughter ] i never paid taxes before, but i've had taxes taken, and that's two totally different things. when you have taxes taken, you get a paycheck every week and they take the taxes out of your check, right? they just take it. you don't get a choice. until the end of the year, they're, like, "hey, we might have took too much. [ laughter ] here's $500, go buy yourself some sneakers or something." and you're, like, "thanks, government, we're going to red lobster tonight. this is amazing." [ laughter ] when you pay taxes, they let you keep all of your money, all year, and at the end, they say, you owe us 40%, which is a lot for me, because i don't know what i'm paying for. i've never dialed 911. i put out all my own fires. [ laughter ] i'm not saying i shouldn't have to pay any taxes, but i shouldn't have to pay as much as somebody that votes or -- [ laughter ] -- i don't vote, because i don't know anything about politics, and honestly, i can't believe they'd let me. isn't that an important thing? [ laughter ] they'll just let me pick the presid
pay taxes for the first time in my life. [ laughter ] i never paid taxes before, but i've had taxes taken, and that's two totally different things. when you have taxes taken, you get a paycheck every week and they take the taxes out of your check, right? they just take it. you don't get a choice. until the end of the year, they're, like, "hey, we might have took too much. [ laughter ] here's $500, go buy yourself some sneakers or something." and you're, like, "thanks, government,...
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according to the tax code people who find property that's lost or abandoned have to pay taxes on that loot. that means the couple may have to pay more than half of the $5 million -- is it half of 5 million? >> it's a lot. it's what, about 37, 39%. whatever it is. where you feel you should be taxed until you become wealthy. let's check the microclimate weather. a live look at san francisco and head south to fremont, here's fremont. we'll get an update, there is fremont on the rain with christina loren. meanwhile, mike is the man of the hour. good morning. >> good morning. exactly. trying to escape the flooding but there is so much. we're looking here, this is west 580, the headlights, soupy conditions. most of these shots similar to one another because we zoomed in so you can see all of the water. that's to faem size the fact no matter where you go in the bay, west 580. the blue on the maps, remember that's the weather data, road weather index, it's going to be soupy there. flooding on 580 on one shoulder as you get toward the dublin interchange and passing livermore, bob said it was h
according to the tax code people who find property that's lost or abandoned have to pay taxes on that loot. that means the couple may have to pay more than half of the $5 million -- is it half of 5 million? >> it's a lot. it's what, about 37, 39%. whatever it is. where you feel you should be taxed until you become wealthy. let's check the microclimate weather. a live look at san francisco and head south to fremont, here's fremont. we'll get an update, there is fremont on the rain with...
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june 3rd, san jose citizens will be asked to extend the current tax by ten years. if approved, there would be no change in property tax bills. >>> 24th annual film festival under way. the red carpet gala at california theater downtown san jose featured a familiar face, christina loren. looking splendid in blue and seeing opening night rubbing elbows with hollywood film makes, about 200 movies screened at camera 12 over the next two weeks. i was saying yesterday, i recommend dana knockman's new film. >> great films to check out. great job, christina. can't believe you're here. you got, what, 20 minutes of sleep? >> yeah but weather calls. that's a good thing. we need it. you know what? it really is a cool film festival. check out with your family. movies start as low as $5. san jose now at 54. mild out there, muggy out there. we have the moisture plume reaching into the bay area. here's great news. when it comes to the drought, i want to keep you updated on what's happening for the state of california. this is of the utmost importance when it comes to weather now. a
june 3rd, san jose citizens will be asked to extend the current tax by ten years. if approved, there would be no change in property tax bills. >>> 24th annual film festival under way. the red carpet gala at california theater downtown san jose featured a familiar face, christina loren. looking splendid in blue and seeing opening night rubbing elbows with hollywood film makes, about 200 movies screened at camera 12 over the next two weeks. i was saying yesterday, i recommend dana...
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according to the tax code, people that find property that have been lost or abandoned have to pay on their loot. they may have to pay about half of it, about $5 million, in state or federal taxes. >> i would still take the $5 million left. >> yeah. >> things continue to develop, just in the past 5:00 there has been a marine warning issued off of the coast of san francisco. visibility reduced with heavy rain falling and even potential for a waterspout as we head through the next couple minutes with this particular storm, as you can see from our vantage point, off towards the coast. let's get right to it and show you what it looks like on the radar. it's not that impressive looking. just a few minutes ago there was a lot of red and purple. it is weakenning, but as it moves to the north, there is instability in the atmosphere. so the potential for strong hail, even some gusty winds, exist with this system as it moves north. it is over open water right now, but it is expected to move into bolines. i just want to give you a heads up that this is what we're dealing with. types of activity,
according to the tax code, people that find property that have been lost or abandoned have to pay on their loot. they may have to pay about half of it, about $5 million, in state or federal taxes. >> i would still take the $5 million left. >> yeah. >> things continue to develop, just in the past 5:00 there has been a marine warning issued off of the coast of san francisco. visibility reduced with heavy rain falling and even potential for a waterspout as we head through the...
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the first report that taxes raised from the sale of legal marijuana are in. it is wednesday, february 26th, "early today" starts right now. >>> good wednesday morning to you, i'm frances rivera. a major recall is expanding after deaths have doubled. it involved defective ignition switches in 1.6 general motors vehicles in the united states, canada and new mexico. that faulty switch can inadvertently turn off which shuts down the engine and most electrical components including air bag a systems needed in crashes. i want to you take a look at these models carefully because they include 2003 to 2007 saturn ions, 2006 to 2007 chevrolet hhrs, pontiac solstices and saturn sky models joining the already recalled 2005 to 2007 chevrolet cobalt and pontiac g5 sedans and the 2005 to 2007 pontiac pursuit sold in canada only. now in a statement gm's north america president says, quote, ensuring our customers' safety is our first order of business. we are deeply sorry, and we are working to address the issue as quickly as we can. gm will notify all affected customers and m
the first report that taxes raised from the sale of legal marijuana are in. it is wednesday, february 26th, "early today" starts right now. >>> good wednesday morning to you, i'm frances rivera. a major recall is expanding after deaths have doubled. it involved defective ignition switches in 1.6 general motors vehicles in the united states, canada and new mexico. that faulty switch can inadvertently turn off which shuts down the engine and most electrical components including...
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president barack obama 's $3.9 trillion budget, the expansion of the earned income tax credit. americans would be eligible for $60 billion in credits. the republicans say the budget runs up the nation's credit card without addressing long term debt. >>> the abortion bill would ban abortions the minute a fetal heartbeat is detected, as early as six weeks into pregnancy. that heads to the senate. >>> an asteroid zips by the earth today. scientists say it's thankfully 200,000 miles away. >>> on your marks get set do. this is a relay race where the baton has been replaced with glorious pancakes. it took place in london to celebrate national pancake day and raise money for charity. they're not hot. these cakes look suspiciously similar to french crepes. who's counting? >> eat any pancake you want. what are you putting in it? >> chocolate chip blueberry. >> too sweet. >>> michelle obama highlights work to be done for enrolling insurance coverage. >>> the king of rock-n-roll returning from the military after two years in military. elvis presley completing army service and coming home
president barack obama 's $3.9 trillion budget, the expansion of the earned income tax credit. americans would be eligible for $60 billion in credits. the republicans say the budget runs up the nation's credit card without addressing long term debt. >>> the abortion bill would ban abortions the minute a fetal heartbeat is detected, as early as six weeks into pregnancy. that heads to the senate. >>> an asteroid zips by the earth today. scientists say it's thankfully 200,000...
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by a half cent, if approved the city would charge 9.5% sales tax. the money would be used to poi for more police officers, maintenance workers and new library. >>> in november, palo alto voter will be asked to hike hotel tax by it%, making it 14%. increase would raise $2.4 million per year. it would fund critical infrastructure projects. >>> new efforts under way to keep the artistic lights on the bay bridge glowing through 2026. organizers of the sculpture announce a plan to raise $12 million in donations to help secure those proper permits to keep those lights si s shining. beautiful shot. l.e.d. lights installed last year as trar art installation. the lights will go dark next year. caltrans has to remove them so the crews can paint the bridge. if funding is secured, lights would return in 2016. >> dismantling of the old eastern span continues today. it's still being determined where scraps will go, one entrepreneur hoping some will go his way. he wanted to use part of the span to build a house. now he wants to build a community space including an
by a half cent, if approved the city would charge 9.5% sales tax. the money would be used to poi for more police officers, maintenance workers and new library. >>> in november, palo alto voter will be asked to hike hotel tax by it%, making it 14%. increase would raise $2.4 million per year. it would fund critical infrastructure projects. >>> new efforts under way to keep the artistic lights on the bay bridge glowing through 2026. organizers of the sculpture announce a plan to...
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family, you know, i expect the police to help protect the business in our community that helps raise tax funds and keeps everything going. >> officers say a majority of the alarm calls they get are false alarms. >> the campus police officer who shot a man in the back near san jose state university says that the suspect was trying to attack his partner with a saw. according to the "mercury news," officer fritz van der hook and sergeant mike santos approached the suspect antonio guzman. guzman was carrying a 12-inch drywall saw when he refused to put it down van der hook tried to tase him but the taser misfired or missed and guzman reportedly went after him. the president of sjsu says santos behind the suspect shot guzman to protect his partner. the two officers were wearing cameras but have not said what or if anything the videos show. >> a candlelight vigil tonight to remember jenna betty, hit and killed by a train in martinez on sunday. betty an eighth-grader was reportedly sitting on the tracks with her boyfriend when a train approached. her boyfriend ran one way, she ran the other. a
family, you know, i expect the police to help protect the business in our community that helps raise tax funds and keeps everything going. >> officers say a majority of the alarm calls they get are false alarms. >> the campus police officer who shot a man in the back near san jose state university says that the suspect was trying to attack his partner with a saw. according to the "mercury news," officer fritz van der hook and sergeant mike santos approached the suspect...
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the city counsel unanimously backed a tax from 12 to 14%. that could generate an additional $2.4 million in revenue. city counsel is expected to refine it in the spring so it can be included in the november ballot. >> batkid was supposed to be in the spotlight but at the last minute he got cut from sunday's big show. cancer survivor miles scott became famous worldwide after the city of san francisco came together with the make a wish foundation to make his wish come true to be a super hero for the day. since the theme of the oscar show was heroes, organizers felt batkid's appearance would be a good fit. after a rehearsal on saturday, batkid's appearance was cut. the the ad cad me compensated the family with a trip to disneyland. >>> a lottery ticket worth a lot of money has been sold in the south bay. the latest winning ticket was sold at a liquor store. the winner got five out of five numbers but failed to get the mega millions number in last night's drawing. he still won -- or she -- $125,000. the mega number 10. just a few weeks ago, some
the city counsel unanimously backed a tax from 12 to 14%. that could generate an additional $2.4 million in revenue. city counsel is expected to refine it in the spring so it can be included in the november ballot. >> batkid was supposed to be in the spotlight but at the last minute he got cut from sunday's big show. cancer survivor miles scott became famous worldwide after the city of san francisco came together with the make a wish foundation to make his wish come true to be a super...
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that helps raise tax funds and keeps everything going. >> officers say a majority of the alarm calls they receive are false alarms. >> happening today, the menlo park city council could approve a plan to let facebook hire a city police officer to work near the campus. christie smith joins us live with more details. good morning. >> reporter: good morning to you, scott and peggy. it sounds generous and facebook can afford it. the company has offered to pay for one full time city police officer and as it turns throughout officer would be stationed down the street from facebook headquarters. the company offered to pay 2 hun thousand dollars a year for possibly three to five years to pay for this according to the merck tfrmt officer will be 18 marked patrol car but you won't see this person writing tickets. instead they will help schools work on things like safety and truancy but also security patrols and drills at businesses, businesses much like facebook which said it would also fi help overall the substation near where this officer would work. bell haven has a higher crime rate, at th
that helps raise tax funds and keeps everything going. >> officers say a majority of the alarm calls they receive are false alarms. >> happening today, the menlo park city council could approve a plan to let facebook hire a city police officer to work near the campus. christie smith joins us live with more details. good morning. >> reporter: good morning to you, scott and peggy. it sounds generous and facebook can afford it. the company has offered to pay for one full time...
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bed with my family, i expect the police to help protect the business in our community that help raise tax funds and keeps everything going. >> officers say a majority of alarm calls they get are false alarms. >>> pleasanton police are looking for two men that robbed a liquor store. the suspects demanded the cash, and they ran to a get away vehicle. police released this video of the suspects. the one wearing a gray hoody and the other is in a black hoody holding a silver colored handgun. police also need help looking for an attempted burglary suspect. he attempted to break into a home on friday afternoon. he was caught on home surveillance video. she associated with this gold suv also spotted in the area. if you know him or have any information, please call fremont police. >> starting today you will see more security at the shark tank. there will be more security in place today through the stanley cup playoffs. small purses and bags will be all that's allowed inside. spectators are being asked to arrive earlier than normally they would. >> let the good times roll, they say. mardi gras in f
bed with my family, i expect the police to help protect the business in our community that help raise tax funds and keeps everything going. >> officers say a majority of alarm calls they get are false alarms. >>> pleasanton police are looking for two men that robbed a liquor store. the suspects demanded the cash, and they ran to a get away vehicle. police released this video of the suspects. the one wearing a gray hoody and the other is in a black hoody holding a silver colored...
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obama wants to expand the earned income tax credit, one of the most popular credits for the working poor. but the proposal will have a short shelf life. republicans who control the house are also voicing their disagreements with many ideas. house speaker john boehner says these early details prove the president was never serious in addressing the nation's long-term debt. >>> political news outside washington today, today is primary day in several states which officially kicks off the 2014 midterm season. perhaps the most high profile race of the day is in texas. state senator wendy davis is expected to grab the democratic nomination for governor. analysts will be looking at results to see there is any way democrats can win come november in a deeply red state. >>> this morning, there are bad numbers for both parties. nearly seven in ten americans say republicans are out of touch with their needs. this from a new washington post abc news poll that puts the gop well below mark for the democrats. on the issue, democrats hold a slight edge when it comes to helping the middle class and health
obama wants to expand the earned income tax credit, one of the most popular credits for the working poor. but the proposal will have a short shelf life. republicans who control the house are also voicing their disagreements with many ideas. house speaker john boehner says these early details prove the president was never serious in addressing the nation's long-term debt. >>> political news outside washington today, today is primary day in several states which officially kicks off the...
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and that itself results in almost $2,000 in local and state sales tax revenues lost. >> reporter: but with the tide turning, even republicans who supported and voted for the bill, like state senator steve pierce -- you didn't think it was targeting the lgbt community? >> not at all, no. >> reporter: they're now urging brewer to veto it. >> we made a mistake, and now we have to fix it. >> reporter: if the governor doesn't sign or veto the bill by the end of the week it becomes law automatically. still, this morning an aide to the governor said this bill was never part of her agenda, another hint that a veto is likely. brian? >> mike taibbi starting us off from phoenix tonight. mike, thanks. >>> now to a new fight that's erupted in public today over the end of the war in afghanistan. fed up and frustrated, the president of the united states issued an ultimatum to the president of afghanistan today. after 13 years of war, it affects how and when every american finally comes home. our pentagon correspondent jim administration chef ski is tonight traveling with the chairman of the joint ch
and that itself results in almost $2,000 in local and state sales tax revenues lost. >> reporter: but with the tide turning, even republicans who supported and voted for the bill, like state senator steve pierce -- you didn't think it was targeting the lgbt community? >> not at all, no. >> reporter: they're now urging brewer to veto it. >> we made a mistake, and now we have to fix it. >> reporter: if the governor doesn't sign or veto the bill by the end of the week...
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pay for the national repair job president obama this week called on congress to overhaul the business tax code. >> revitalizing the system, it cannot be out sourced. >> reporter: but a divided congress is unlikely to go along. meanwhile, the nation's roads and bridges continue to take a pounding, tom costello, washington. nbc news. >>> when nbc nightly news continues on this saturday, a first, football players at a major university tries to unionize. >>> and later, what hollywood hopes will be a big draw at the box office. with non-insulin victoza. for a while, i took a pill to lower my blood sugar, but it didn't get me to my goal. so i asked my doctor about victoza. he said victoza works differently than pills, and comes in a pen. and the needle is thin. victoza is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it is not recommended as the first medication to treat diabetes and should not be used in people with type 1 diabetes or diabetic ketoacidosis. victoza has not been studied with mealtime insulin. vi
pay for the national repair job president obama this week called on congress to overhaul the business tax code. >> revitalizing the system, it cannot be out sourced. >> reporter: but a divided congress is unlikely to go along. meanwhile, the nation's roads and bridges continue to take a pounding, tom costello, washington. nbc news. >>> when nbc nightly news continues on this saturday, a first, football players at a major university tries to unionize. >>> and later,...
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the nearly $4 trillion plan will cut taxes for 13 1/2 million working americans and expand the tax credit to help families afford child care. the president's blueprint also proposes cuts to army and national guard personnel. a new study finds that while childhood food allergies are up overall, there may be an alarming spike among african-american children. researchers from johns hopkins university found reports of food allergies among black children doubled over the past two decades. further study is needed to determine if the spike is result of better detection or changes in the environment. >>> microsoft co-founder bill gates back on top on the list of the world's richest people with a net worth of $76 billion. gates reclaimed the top spot after a four-year hiatus. second on the list with $72 billion. and american business magnet warren buffett was fourth. >>> pizza hut taking the build your own pizza concept to a whole new level. the company is testing a new interactive table top that allows customers to order pizza at their seats using touch screen technology. allows the customers to
the nearly $4 trillion plan will cut taxes for 13 1/2 million working americans and expand the tax credit to help families afford child care. the president's blueprint also proposes cuts to army and national guard personnel. a new study finds that while childhood food allergies are up overall, there may be an alarming spike among african-american children. researchers from johns hopkins university found reports of food allergies among black children doubled over the past two decades. further...
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and that itself results in almost $2,000 in local and state sales tax revenues lost. >> estimates are it's not thousands but untold millions at stake if the bill becomes law and triggers corporate and tourist flight especially lgbt. >> this is a proposal that will send tourists away and their dollars. >> reporter: that's why companies like apple and american airlines are urging a veto like john mccain and mitt romney and even state republican senators including steve pierce who supported and voted for the bill and have now changed their minds. >> we made a mistake and now we've got to fix it. >> overnight, governor brewer tweeted, i assure you as always, i'll do the right thing for the state of arizona. if governor brewer does veto the bill, conservative talkers like rush limbaugh say they know who is to blame. >> you're being bullied by the homosexual lobby in arizona and elsewhere. >> many of those in this church agree. >> where does it stop? >> reporter: now it's up to the governor. now, the governor has been careful to not tip her hand. but one of her aides was quoted yesterday as
and that itself results in almost $2,000 in local and state sales tax revenues lost. >> estimates are it's not thousands but untold millions at stake if the bill becomes law and triggers corporate and tourist flight especially lgbt. >> this is a proposal that will send tourists away and their dollars. >> reporter: that's why companies like apple and american airlines are urging a veto like john mccain and mitt romney and even state republican senators including steve pierce...
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and this next one is going to help you with taxes. turbo taxes, a lot of people have software but now the app, as well. and this allows you to file straight from your phone? >> exactly, right from your phone. and one of the great things about this is you can use this product called snap text. so you, again, snap a picture of your w-2, just hold it straight in front of your camera. >> wow. >> and then it takes all the information from that w-2, puts it in and then it'll ask you a few questions, like are you married? how many dependents? >> and h & rbloc. >> it's a tiny bit cheaper but they have a lot of support, as well. you can have a live chat with someone. and if it gets too confusing and you give up, go into an h & r block. >> thanks. back in a moment, this is "today" on nbc. ♪ ♪ [ male announcer ] spring is calling. save 25% when you buy two scotts fertilizers -- one to use now and one for later. >>> kathie lee and hoda. kathie lee back in the house. >> look at you two back together. >> oh. the dynamic duo. >> bonded. >> oh, y
and this next one is going to help you with taxes. turbo taxes, a lot of people have software but now the app, as well. and this allows you to file straight from your phone? >> exactly, right from your phone. and one of the great things about this is you can use this product called snap text. so you, again, snap a picture of your w-2, just hold it straight in front of your camera. >> wow. >> and then it takes all the information from that w-2, puts it in and then it'll ask you...
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family, you know, i expect the police to help protect the business in our community that helps raise tax funds and keeps everything going. >> reporter: the department says an overwhelming majority of alarm calls are false alarms, wasting valuable police time. >> that's what i'm trying to do. >> reporter: councilman whose running for major puyor pulled this ad urging voters to attend tuesday's counsel meeting where they will debate a referendum allocating much of the money to police. >> more police on patrol, technology, equipment, whatever the police chief would deem is necessary to fight crime in san jose. >> i just need one cop to respond. >> reporter: a sentiment being shared but may not be realistic under the current policy. police have not arrested a suspect in this case. looks like the folks working over time are supposed to close at 6:00. on that proposal, the mayor said in the past that that would be at the cost of cutting hours for libraries and community centers. we're live in south san jose. >> thanks, damion. >>> police are hoping someone reck hognizes this man. investigators
family, you know, i expect the police to help protect the business in our community that helps raise tax funds and keeps everything going. >> reporter: the department says an overwhelming majority of alarm calls are false alarms, wasting valuable police time. >> that's what i'm trying to do. >> reporter: councilman whose running for major puyor pulled this ad urging voters to attend tuesday's counsel meeting where they will debate a referendum allocating much of the money to...
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some people would see a tax increase of more than $3. the boundaries include san mateo and santa clara but not san jose. the agency created to stop urban sprawl in silicon valley. >>> one south bay city talking about bringing back a popular fireworks show for the fourth of july. >> if you missed jimmy fallon you missed a lip sync battle. take a look. ♪ be a jukebox hero a jukebox hero ♪ ♪ stars in his eyes ♪ ♪ having a good time having a good time through the sky like a tiger the gravity♪ >>> downtown san jose in talks to bring back its once annual fireworks show. santa clara county board of supervisors approved a request to explore the possibility of bringing it back. one supervisor says the show would help cut down on the use of illegal fireworks in the city. event scrapped in 2009 because of budget cuts. impressive, though. >>> coming back, blue angels expected to fly again at the fleet week. video of the jets flying a few years ago. had to cancel appearance last year because of government shutdown. representatives for the
some people would see a tax increase of more than $3. the boundaries include san mateo and santa clara but not san jose. the agency created to stop urban sprawl in silicon valley. >>> one south bay city talking about bringing back a popular fireworks show for the fourth of july. >> if you missed jimmy fallon you missed a lip sync battle. take a look. ♪ be a jukebox hero a jukebox hero ♪ ♪ stars in his eyes ♪ ♪ having a good time having a good time through the sky like a...
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$4 trillion plan dropped earlier proposals to reduce future social security benefits, it aims to cut taxes for more than 13 million working americans and increase credit for middle class families to cover child care and college costs. the plan is not expected to gain much traction in congress. >> futures sharply higher after stocks suffered their worst day in a month monday. the crisis in ukraine over145dowing personal income and spending. oil prices are down on news that putin ordered troops taking part in military exercises near you crane back to bases. the dow had been down as much as 250 points but closed off 153 points to 16, 168 t nasdaq to 4277. back to you. >> thank you. >> the fcc fined three media giants nearly $2 million for running ads for the movie olympus has fallen. one uses the same emergency warning tones heard during actual alerts and images of the white house blog up flashing words this is not a test. it has fined for running the commercials. all three companies have 30 days to pay the fines. >> let's check in with meteorologist christina loren this morning. good morning
$4 trillion plan dropped earlier proposals to reduce future social security benefits, it aims to cut taxes for more than 13 million working americans and increase credit for middle class families to cover child care and college costs. the plan is not expected to gain much traction in congress. >> futures sharply higher after stocks suffered their worst day in a month monday. the crisis in ukraine over145dowing personal income and spending. oil prices are down on news that putin ordered...
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colorado says that it expects to make $100 million over the next year from taxing legalized marijuana. [ laughter and applause ] and their governor, john hickenlooper -- [ laughter ] you can tell who the stoners are. yeah, that's his actual name. [ stoner laugh ] you got the fry guys mm-hmm? [ laughter ] actually, governor hickenlooper says that he will use a lot of that money to build new schools. they have even announced the names of some of those schools, steve. >> steve: really? >> jimmy: that's correct. first we have -- u. holden academy. [ laughter ] next we have, hot pocket prep. [ laughter ] and here's our last one here, st. mary jane's. [ laughter and applause ] there you go. very, very nice. great schools. [ cheers and applause ] check this out, you guys. the fda just approved a new camera that can be swallowed so that doctors can look at the inside of their patients' bodies. [ laughter and applause ] [ swallowing sounds ] [ fart sound ] [ laughter ] so to answer your question, yes, selfies can get any worse. [ laughter ] there you go. and finally, here's a local story. yest
colorado says that it expects to make $100 million over the next year from taxing legalized marijuana. [ laughter and applause ] and their governor, john hickenlooper -- [ laughter ] you can tell who the stoners are. yeah, that's his actual name. [ stoner laugh ] you got the fry guys mm-hmm? [ laughter ] actually, governor hickenlooper says that he will use a lot of that money to build new schools. they have even announced the names of some of those schools, steve. >> steve: really?...
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Feb 28, 2014
02/14
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. >> there is no sales tax in this city of portland, except on hotels and car rentals. >> portland, oregon. >> i agree with her. >> she's smarter than you. >> i didn't know that. >> yes, it is. this bear shown as a full screen broke into an elementary school south of which portland? >> maine. >> you are the smartest girl in the room. >> that's because fred is not here! fred is zoned out. >> wait, wait, i vote that one is oregon. >> and you're wrong. >> again! >> all right. well, anyway, kids, the new season of "portlandia" kicks off tonight on ifc. thanks, guys. >> thanks so much, you guys. get ready for the big close-up, the amazing results of today's "ambush makeover." >> and how three real women are going to get to look in the mirror and say i love myself. >> what does that mean, real women? >> you know, real. not fake. not mannequins. >> oh. right after this. it'thinking about tomorrow.dy which is why he's investing in his heart health by eating kellogg's raisin bran®. not only is kellogg's raisin bran® heart healthy it's a delicious source of potassium. ♪ mom make you eat that? i
. >> there is no sales tax in this city of portland, except on hotels and car rentals. >> portland, oregon. >> i agree with her. >> she's smarter than you. >> i didn't know that. >> yes, it is. this bear shown as a full screen broke into an elementary school south of which portland? >> maine. >> you are the smartest girl in the room. >> that's because fred is not here! fred is zoned out. >> wait, wait, i vote that one is oregon....
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Feb 28, 2014
02/14
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they actually called a tax tee rescue them from the situation. >> we were talking to your cab driver. looks like you got stuck in the water. are you okay? >> yeah, we're wook. >> did you drive in not knowing? call a cab. we're glad you're safe. >> thank you. >> reporter: when i see fun beads like that you think maybe they were coming from somewhere fun. i can't imagine a bigger buzz kill than to lose your car like that in deep water. it is a warning for folks that maybe haven't left the house yet heading out into this stormy weather now. we have a respite but huge puddles all over. i know mike inouye is watching that closely. 87 south, as you can see getting by very slowly on that shoulder. the only good news about that this is the reverse commute. less people heading in. so a little bit of respite there, overall very dangerous. we saw this and tow trucks going by almost every 15 minutes. so a tough situation if you're commuting. peggy bunker, "today in the bay." >> i want to check in with ris tina. it was really coming down. >> dangerous. getting to work this morning is going to be a
they actually called a tax tee rescue them from the situation. >> we were talking to your cab driver. looks like you got stuck in the water. are you okay? >> yeah, we're wook. >> did you drive in not knowing? call a cab. we're glad you're safe. >> thank you. >> reporter: when i see fun beads like that you think maybe they were coming from somewhere fun. i can't imagine a bigger buzz kill than to lose your car like that in deep water. it is a warning for folks that...
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Mar 5, 2014
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a new report shows that lil wayne owes $12 million in back taxes. the rapper said it will take six months for him to repay the debt because of the way he plans to do it. [ laughter ] how much is that? that was only $600? this is going to take forever. [ laughter ] and that, right there, is my well-researched, long-practiced lil wayne impression. thank you. [ cheers and applause ] this story is -- well, simply put it disturbing. we talked about this last night but following yesterday's announcement that he had sex with a hot pocket, a teenager was blocked by the hot pocket twitter account. [ laughter ] said the teenager, so, playing hard to get. [ laughter and applause ] some interesting science news -- i don't know if we have scientists or science fans in the audience, very interesting science news. agroup of french and russian researchers have discovered and replicated a 30,000-year-old virus found in the permafrost in siberia. this, according to the first 10 minutes of a nicholas cage movie. [ laughter ] "ice virus." we need to stop this ice virus
a new report shows that lil wayne owes $12 million in back taxes. the rapper said it will take six months for him to repay the debt because of the way he plans to do it. [ laughter ] how much is that? that was only $600? this is going to take forever. [ laughter ] and that, right there, is my well-researched, long-practiced lil wayne impression. thank you. [ cheers and applause ] this story is -- well, simply put it disturbing. we talked about this last night but following yesterday's...
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Mar 3, 2014
03/14
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whether that rain comes in we've had a lot of rain but that's taking quite a tax on the hillsides so we are watching for possibly slippage for mudslides and rods and rocks. we're tracking all of that. im. >>> looking toward palo alto, smooth drive from 101. not a problem northbound with those headlights. basically from palo alto all the way to san mateo, smooth drive. coming off of the bay bridge, flowing. >>> 5:27. freemont intersection is shut down. the 4-year-old girl is in the hospital as a result. bob redell is at that scene. he'll have a live report next. >>> tragic story. plus, a south bay college campus on alert after a string of armed robberies over the weekend. what campus police are now telling us. [ sports announcer ] here's another one, alyson dudek. hales corners, wisconsin. nice pass by alyson dudek. can she hang on to that spot? and she does! [ male announcer ] with the u-verse wireless receiver, your tv goes where you take it, allowing inspiration to follow. ♪ [ dad ] looks pretty good, right? [ girl ] yeah. [ male announcer ] switch to u-verse and add a wireless r
whether that rain comes in we've had a lot of rain but that's taking quite a tax on the hillsides so we are watching for possibly slippage for mudslides and rods and rocks. we're tracking all of that. im. >>> looking toward palo alto, smooth drive from 101. not a problem northbound with those headlights. basically from palo alto all the way to san mateo, smooth drive. coming off of the bay bridge, flowing. >>> 5:27. freemont intersection is shut down. the 4-year-old girl is in...
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Feb 27, 2014
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. >> there is no sales tax in this city of portland, except on hotels and car rentals? >> portland, oregon. >> i agree with her. >> i didn't know that. >> yes, it is. this bear shown as a full screen broke into a elementary school south of which portland? >> maine. >> you're the smartest. that's because fred is not here. fred is zoned out. >> wait, wait, i vote that one is oregon. >> and you're wrong. >> again! >> all right. well, anyway, kids, the new season of "portlandia" kicks off tonight". >> thank you, guys. >>> the amazing results of today's "ambush makeover." >> and how three real women are going to get to look in the mirror and say i love myself. >> what does that mean, real women? >> you know, real. not fake. not mannequins. >> right after this. ♪ [ female announcer ] we lowered her fever, you kept the midnight watch. infants' tylenol® reduces fever and pain while being gentle on the tummy. but for everything we do, we know you do so much more. infants' tylenol®. after their new artisan grilled chicken ciabatta sandwich goes down, productivity goes up. the
. >> there is no sales tax in this city of portland, except on hotels and car rentals? >> portland, oregon. >> i agree with her. >> i didn't know that. >> yes, it is. this bear shown as a full screen broke into a elementary school south of which portland? >> maine. >> you're the smartest. that's because fred is not here. fred is zoned out. >> wait, wait, i vote that one is oregon. >> and you're wrong. >> again! >> all right....
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Feb 28, 2014
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simmons, our terrific -- our legendary local analyst at wnbc always tells me, al, you have the celebrity tax. >> you do. >> people -- even though you're not a celebrity, they do know you. >> they absolutely do. >> you'd better overtip. >> err on the side -- >> err on the side of caution. >> our control room is obviously bored with this and said move on. >> they said are you going to give me a tip if. >> i've got a tip for you, stop talking to me. >> you've got a check of the weather, roker. >> let's show you what we've got going on. and for saturday, it's going to be frigid in the plains. that storm system making its way east. we've got snow through the pacific northwest. sunny and cold along the eastern seaboard. then sunday, we've got a mess coming. a risk of strong storms, icy conditions, snowy as you get into the midwest, and that continues to push into the east on into monday. that's what's going on around the >>> good morning, 9:32 the time right now. rain continues to fall but it is very spotty right now. you can see we're still finding showers off of the coast and lightning from time
simmons, our terrific -- our legendary local analyst at wnbc always tells me, al, you have the celebrity tax. >> you do. >> people -- even though you're not a celebrity, they do know you. >> they absolutely do. >> you'd better overtip. >> err on the side -- >> err on the side of caution. >> our control room is obviously bored with this and said move on. >> they said are you going to give me a tip if. >> i've got a tip for you, stop talking...
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Mar 6, 2014
03/14
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or carbon tax or some other non-income based tax added to our existing tax system >> senator hatch, i think the budget lays out clearly our tax policies for the next 10 years. for a number of years now the president has laid out principles that should govern how we look at social security reform, and i'd be happy to follow up and work with you on that going forward. >> i would appreciate that. my time is up. >> senator burr up next and then senator stab beno. >> both you and the president stated you were outraged by this behavior. senator, do you stand by that comment today zblrnlts >> senator, i have stood by my comments the actions taken reflected bad judgment and were unacceptable, couldn't happen again. we put in place an acting director at the irs who did a fine job to bring things into order. we have a new commissioner at the irs equally first rate. we are committed to running the best irs we can possibly run. i'm equally cobbconvinced there was not any malicious action there, it was bad judgment and that bad judgment was unacceptable. >> i ask you because the contrition you e
or carbon tax or some other non-income based tax added to our existing tax system >> senator hatch, i think the budget lays out clearly our tax policies for the next 10 years. for a number of years now the president has laid out principles that should govern how we look at social security reform, and i'd be happy to follow up and work with you on that going forward. >> i would appreciate that. my time is up. >> senator burr up next and then senator stab beno. >> both you...
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Feb 27, 2014
02/14
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and pay no taxes for 10 years. with n jobs, new opportunities and a new tax free plan. there's on one way for your business to go. up. find out if your business can qualify at start-upny.com .. friday nightbuddy. you are nna need a ngman. and my cash back eps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be thisard. with creditcards.com, it's easy search hundreds of cards and apply online. critcards.com. >> hall sales up almost 10 percent the highest since 2008 following disappointing reports recently played being mostly on cold weather here with the outlook is richard smith the chairman and ceo the parent company of coldwell banker and a century 21. great to have you with us. congratulations on your results. impressive and housing right now people are confused with the mixed signals. what is your outlook? >> the housing recession retracted and we will not recover in a few years. but it will be a long recovery process. the example is the number today. nobody would have predicted that in fact, there would have predicted the oppo
and pay no taxes for 10 years. with n jobs, new opportunities and a new tax free plan. there's on one way for your business to go. up. find out if your business can qualify at start-upny.com .. friday nightbuddy. you are nna need a ngman. and my cash back eps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be thisard. with creditcards.com, it's easy search hundreds of cards and apply online. critcards.com. >> hall sales up almost 10 percent the...
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Mar 5, 2014
03/14
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in new revenue of higher taxes -- -- $650 billion in new revenue of higher taxes, who will feel that? >> in this budget, you have seen tax relief for heart pressed working families that will be continued, expanded for individuals who may not have dependence. there is a proposal to increase the dependent care credit for people who have a child five years and under and make sure the american opportunity tax credit. they relief goes very much to working families. in terms of where the revenues are, they are, we think, reasonable efforts to reduce the degree of tax expenditures and loopholes for people who are the most fortunate. there is no proposal here to raise rates but i think there is a question many people have raised and tax reform on both sides which is whether a middle income family should get a 15% reduction or credit when they do things and then somebody who has significantly more income can do. three times more than that. we may think of that as being a little upside down. the president's proposal to have their be a limit on tax expenditures for the most well off raises the
in new revenue of higher taxes -- -- $650 billion in new revenue of higher taxes, who will feel that? >> in this budget, you have seen tax relief for heart pressed working families that will be continued, expanded for individuals who may not have dependence. there is a proposal to increase the dependent care credit for people who have a child five years and under and make sure the american opportunity tax credit. they relief goes very much to working families. in terms of where the...
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Mar 1, 2014
03/14
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CNNW
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they paid more taxes. this is a good way to get more money out of rich people and make the tax system more pro growth and make it fair. i was looking at polling, christine, the one thing that americans want from the tax system is fairness. i think a kind of flatter system without loopholes is fair to all americans. >> oh, it would be easy. tax reform is so easy. john, the rate is now up. capital gains rate is up. higher medicare taxes. that is coming for rich people. limits on deductions. how much more do liberals want? >> there is a reality behind every stereotype. some see taxation as a positive good. i don't think it represents the fast majority of congress. it should have bipartisan support. both talked about reform. the fact it is being called doa, the large loophole that made the outrage, that is a problem. >> stephen, it is not just the rich, the survey this week got my attention. 12% of americans say it is okay to cheat on your taxes. another study finds 26 of the most profitable u.s. corporat n co
they paid more taxes. this is a good way to get more money out of rich people and make the tax system more pro growth and make it fair. i was looking at polling, christine, the one thing that americans want from the tax system is fairness. i think a kind of flatter system without loopholes is fair to all americans. >> oh, it would be easy. tax reform is so easy. john, the rate is now up. capital gains rate is up. higher medicare taxes. that is coming for rich people. limits on deductions....
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Feb 27, 2014
02/14
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and pay no taxes for 10 years. with new jobs, new opportunities ana new tax free plan. there'only one way for your business to go. up. find out if your business can qualify at start-upny.com >> hall sas up almost 10 percent the highest since 2008 following disappointing reports recently played being mostly on cold weather here with the outlook is richarsmith the chairman and ceo the parent company of coldwl banker and a century 21. great to have you with us. congratulations on your results. impressive and housing right now people are confused with the mixed signals. what is your outlook? >> the housing recession retracted and we will not recover in a few years. but it will be a lon recovery process. the example is the numr today. nobody would have predicted that in fact, there would have predicted the opposite. background in economics, environment, whet her the magistrates contributing to a lower forecast. it caught everyo off guard to% year over year on new home sales. existing homes is a different category. we had a great year. i appreciate the recognition. we are pre
and pay no taxes for 10 years. with new jobs, new opportunities ana new tax free plan. there'only one way for your business to go. up. find out if your business can qualify at start-upny.com >> hall sas up almost 10 percent the highest since 2008 following disappointing reports recently played being mostly on cold weather here with the outlook is richarsmith the chairman and ceo the parent company of coldwl banker and a century 21. great to have you with us. congratulations on your...
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Feb 27, 2014
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advertising taxes? >> one of the things we are doing in this legislation -- and there is going to be a detailed briefing on this policy -- but i businesses,r all the top rate is going to be 25%. there is a significant rate reduction. one of the things we need to engage people on is the trade-offs we are making in order to lower rates. with regard to advertising, the first $1 million of advertising will be expensed as is now. i think that the 25% rate and the growth that comes from that that ourhange means economy grows by 20%. [indiscernible] >> many businesses organized this way because of tax reasons. would prevent them from organizing as a c corporation if they wanted to. important to the revenue-neutral in this bill. we are in a static basis. we are also distribution only neutral. this is about how to move forward with the fairest plan possible. >> the tax on large banks and insurers, can you provide an industry-neutral -- >> as we look at the financial side of this bill, we need to look at the fact
advertising taxes? >> one of the things we are doing in this legislation -- and there is going to be a detailed briefing on this policy -- but i businesses,r all the top rate is going to be 25%. there is a significant rate reduction. one of the things we need to engage people on is the trade-offs we are making in order to lower rates. with regard to advertising, the first $1 million of advertising will be expensed as is now. i think that the 25% rate and the growth that comes from that...
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Mar 4, 2014
03/14
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has a minimum tax. and is revenue neutral in the long term, but has $150 billion in temporary one-time revenues to come in. what the president suggests doing with that $150 billion is putting it towards the highway and the transportation re-authorization. $63 billion to close the existing financing gap, the hole that exists right now because the gas tax doesn't cover everything, plus an additional $87 billion that would allow virtually $22 billion more a year for jobs, fixing things first, deferred maintenance, investments in the future. this is, again, this should be the type of proposal that is alive for discussion. chairman camp actually in his tax reform proposal devoted a similar amount of resources in the first 10 years to highway re-authorization. again, this is an idea that should be alive and well. and third, in addition to the proposal cecilia mentioned, the job driven skills agenda, the job driven skills agenda, the skills needed to get people the jobs opened that they need that will be opene
has a minimum tax. and is revenue neutral in the long term, but has $150 billion in temporary one-time revenues to come in. what the president suggests doing with that $150 billion is putting it towards the highway and the transportation re-authorization. $63 billion to close the existing financing gap, the hole that exists right now because the gas tax doesn't cover everything, plus an additional $87 billion that would allow virtually $22 billion more a year for jobs, fixing things first,...
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Feb 27, 2014
02/14
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it's a tax hike. here now is former dnc chair howard dean and grover norquist, founders of americans for tax reform. grover, let me ask you this. i thought -- i know it's a tax hike. that's the easy part, but i thought when president obama was making one of his 30 changes without any legislative help, he said people with canceled plans could renew the plans, and he knew that would take a long time, and he was there for waiving the tax penalty for this year, which the i.r.s. is putting out as a threat. am i wrong? are they waiving the tax hike or not? >> well, they're promising to do it in some cases. however, the tax tips they put out kind of blows the cover, in thehood lines tax tips. inside nine times it's the shared responsibility payment, which is a long way of avoiding the word "taxes." it's only $95 this year. it goes up to $2,000 or more, at least minimum of 2085 in the future, so this tax is not only growing, and it's the shared responsibility payment if you're a democrat talking about it, but
it's a tax hike. here now is former dnc chair howard dean and grover norquist, founders of americans for tax reform. grover, let me ask you this. i thought -- i know it's a tax hike. that's the easy part, but i thought when president obama was making one of his 30 changes without any legislative help, he said people with canceled plans could renew the plans, and he knew that would take a long time, and he was there for waiving the tax penalty for this year, which the i.r.s. is putting out as a...
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Feb 26, 2014
02/14
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the federal gas tax has been capped around 17 cents a gallon. drivers from the northeast to the midwest don't need a reminder how bad our roads can be. the drivers $6.5 billion. jonathan, how about those potholes, do you have a view on that? >> i like to avoid them. >> i'm anti-potholes, too. >> that's all the time we have. it was nice having you on. >> thank you, ari, i appreciate it. >> $300 billion over four years. put aside the skepticism about getting anything done in washington. walk us through you there at the white house what you know about this and the plan. >> well, i think what you've got is the president again trying to get congress, trying to get the government to invest in infrastructu infrastructure. this is something he's been trying to do for several years. not just invest in it, invest in it ahead of time so as anthony fox, the transportation secretary said earlier today, you don't continue to put band aids on for the nation's highways and other infrastructure. that's what we've been doing to borrow a term for the show. there's
the federal gas tax has been capped around 17 cents a gallon. drivers from the northeast to the midwest don't need a reminder how bad our roads can be. the drivers $6.5 billion. jonathan, how about those potholes, do you have a view on that? >> i like to avoid them. >> i'm anti-potholes, too. >> that's all the time we have. it was nice having you on. >> thank you, ari, i appreciate it. >> $300 billion over four years. put aside the skepticism about getting anything...
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Feb 26, 2014
02/14
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we try to tax money everywhere and the obama administration wants to increase taxes. it's two very different views. >> let me change gears. you had a great piece in the "new york times," yes, the wealthy can be deserving. and you were kind of mocking this inequality debate. why are we -- why is inequality so important? if we -- let's take energy, greg, for a second. you create a lot of millionaires, people are leasing their land and getting royalties but you're also creating tens of thousands of jobs, the field workers, the roust abouts. if the roust about makes $80,000 and the land holder is a millionaire, there might be some equality but who cares? >> they don't mind the rich getting rich as long as two things are occurring, the rich are doing it in a way that's socially productive and creating something of value for the economy, and secondly, they pay their fair share of taxes. for the vast majority of rich people that's the case. what i was trying to argue in the times is that most rich people including ceos, actors, authors, most of these people are earning a lot
we try to tax money everywhere and the obama administration wants to increase taxes. it's two very different views. >> let me change gears. you had a great piece in the "new york times," yes, the wealthy can be deserving. and you were kind of mocking this inequality debate. why are we -- why is inequality so important? if we -- let's take energy, greg, for a second. you create a lot of millionaires, people are leasing their land and getting royalties but you're also creating...
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Mar 2, 2014
03/14
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tax code. this is 20 minutes. >> there have been some any changes to the tax code over the past decade. ite than one every day that is now 10 times the size of the bible with none of the good news. i know this seems like an old joke but when i travel around michigan it still gets a pretty good joke. taxpayers and job creators talk about how we need to simplify and fix our broken outdated tax code. but what isn't funny is the impact that washington's tinkering has had. too long have to look before we see with the current tax code has done to jobs and take home pay. lakers have been steadily falling. this week economy cannot even produce enough jobs for all the kids coming out of college today. there are a record number of moving back in with their parents. the last time we heard from and tax it was 19 86. the america was a beacon for investment hiring and small wages. it is now falling behind. it risks falling even further behind. the time to act as now. america cannot afford to wait. i really s
tax code. this is 20 minutes. >> there have been some any changes to the tax code over the past decade. ite than one every day that is now 10 times the size of the bible with none of the good news. i know this seems like an old joke but when i travel around michigan it still gets a pretty good joke. taxpayers and job creators talk about how we need to simplify and fix our broken outdated tax code. but what isn't funny is the impact that washington's tinkering has had. too long have to...
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Mar 5, 2014
03/14
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tax, tax, tax and the medicaid. sometimes i paid a lot. i work two jobs at one time. i got disabled two months before my 60th birthday. i thought i was going to work until the day i died. i body fell apart. all of that money we paid in, ask the democrats about. it was the democratic presidents that pulled out of social security to keep the government open. it seems like everything comes out of social security. the other thing, medicaid. of people that are underprivileged. i understand that. ofhave hundreds of thousands illegal immigrants that are on this, even on obamacare. "the washington post where did you learn that? host: where did you learn that? how do you budget more than you take him? he is weighing in on the budget proposal. kim, davenport, iowa. caller: the bottom line of this whole thing is not looking at -- when looking at the transportation part of it. building bridges to nowhere, yes it gives us jobs. we have three prisons in the united states that were never open. was 13 yearsar us never open because they built it with federal money. they could not affo
tax, tax, tax and the medicaid. sometimes i paid a lot. i work two jobs at one time. i got disabled two months before my 60th birthday. i thought i was going to work until the day i died. i body fell apart. all of that money we paid in, ask the democrats about. it was the democratic presidents that pulled out of social security to keep the government open. it seems like everything comes out of social security. the other thing, medicaid. of people that are underprivileged. i understand that....
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Mar 4, 2014
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tax law. seeking out u.s. customers who want to hide untaxed assets and profiting from these untaxed assets is simply not acceptable. mr. chairman, we are working daily to build a different and better legal and cultural reality for credit suisse and the swiss private banking model. we have tried to demonstrate in this area and a number of different ways. we have supported legal steps both here and in switzerland that would enable the u.s. authorities to obtain information and recover unpaid taxes from u.s. plants. credit suisse has strongly supported at every opportunity, supporting about the u.s. and switzerland and working closely with the united states senate to make the law as effective as possible. while we supported the law, other banks opposed to. because we embraced it credit suisse now has in place sooner than required procedures to make sure u.s. clients demonstrate compliance with u.s. tax law. in addition, we support for information exchange including the oecd efforts towards globa
tax law. seeking out u.s. customers who want to hide untaxed assets and profiting from these untaxed assets is simply not acceptable. mr. chairman, we are working daily to build a different and better legal and cultural reality for credit suisse and the swiss private banking model. we have tried to demonstrate in this area and a number of different ways. we have supported legal steps both here and in switzerland that would enable the u.s. authorities to obtain information and recover unpaid...
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Feb 27, 2014
02/14
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tax law. seeking the customers that want to hide the assets and this is simply not acceptable. we are working daily to build a better reality for credit suisse and the private banking model. we try to demonstrate leadership in a number of different ways. we supported the legal steps sts that here in switzerland that would enable the authority to attain information at the cover unpaid taxes from the client. we strongly support at every opportunity for supporting it up in the usa and switzerland working closely with the senate to make the law as effective as possible. while we supported it other banks opposed it. because we embraced it, credit suisse now has in place sooner than required procedures to make sure u.s. clients demonstrate compliance in u.s. tax law. in addition, credit suisse supports information exchange including the oecd efforts in the standards for automatic information exchange. we also supported the ratification of the protocol for the double taxation treaty agreed to by the
tax law. seeking the customers that want to hide the assets and this is simply not acceptable. we are working daily to build a better reality for credit suisse and the private banking model. we try to demonstrate leadership in a number of different ways. we supported the legal steps sts that here in switzerland that would enable the authority to attain information at the cover unpaid taxes from the client. we strongly support at every opportunity for supporting it up in the usa and switzerland...
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Feb 28, 2014
02/14
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time tax. the thing that has been the focus of a lot of external setting is their idea of pre populating return forms getting information and repopulate in it for the irs to even file your return for you which is what a lot of people have talked about as being the real tax threat. it would take a long time to be able to do that. we do have work going on to try to figure out to get better third-party information into our system earlier so that we actually matchup tax returns ride in the theft or engage in audits and have more data available in a more timely manner. right now we don't get the social security or w-2 forms or the 1099 forms until late in the spring which does not do much much good. so some people internally have called that a real time tax system, but has nothing to do with the program you're talking about. there's no program that i know of going florida and we don't intend to do anything like that. >> of the court to working with the commissioner on these two areas. >> thank you.
time tax. the thing that has been the focus of a lot of external setting is their idea of pre populating return forms getting information and repopulate in it for the irs to even file your return for you which is what a lot of people have talked about as being the real tax threat. it would take a long time to be able to do that. we do have work going on to try to figure out to get better third-party information into our system earlier so that we actually matchup tax returns ride in the theft or...
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Mar 5, 2014
03/14
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CSPAN2
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, it would amend the business tax system and leave the individual tax code largely as it is. that approach is different from the ideas outlined by the two chairmen of the wroo tax-writing committees, both who have proposed detailed comprehensive tax reform plans. while i haven't endorsed either chairman camp's or chairman wyden's plan, they both recognize that the noncorporate business sector, which makes up over half of all u.s. business businesses, is also in need of tax reform. now, this sets them apart from president obama and the proposals in his latest budget. and of course let's not forget hardworking individual americans, far too many of whom who need assistance in filling out their tax returns. these people would be left behind under the president's proposal. the president's budget looks to raise tax revenue largely to increase more spending on what it calls -- quote -- "investmentvestmentsvestments" n infrastructure. that sounds wonderful. however, what is taken to be infrastructure in the minds of the federal bureaucrats, who the president would empower to spend ha
, it would amend the business tax system and leave the individual tax code largely as it is. that approach is different from the ideas outlined by the two chairmen of the wroo tax-writing committees, both who have proposed detailed comprehensive tax reform plans. while i haven't endorsed either chairman camp's or chairman wyden's plan, they both recognize that the noncorporate business sector, which makes up over half of all u.s. business businesses, is also in need of tax reform. now, this...
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the tax. they have to file a tax return in order for the irs to get their money. a lot of 18-ar-olds aren't getting jobs, the system is in trouble because of this. >> if the uninsured don't want this, if they don't boy into it, who will pay for it? sit us? >> exactly. we will end up footing the bill. the problem. the catastrophe was it is a bill that is an abiz malfailure. i'm trying to look at the bright spots of this. where is the good stuff? but again and again i encounter, quite honestly lies. look, a couple i assembled, annual pmium savings of $2,500 per family. >> that is not going to happen. government accountability office says it will increase the deficit $6.2 trillion. if you like your doctor, you can keep your doctor. let's not go there. insure the uninsured. no. the ceo says the 75 million will still be uninsured. finally, brea. we talked about approval. forget all that. the american public doesn't want it. 92% want to change this or appeal it. we have a law that has absolutely no benefits the puic doesn't want. we are living with it. i can't understan
the tax. they have to file a tax return in order for the irs to get their money. a lot of 18-ar-olds aren't getting jobs, the system is in trouble because of this. >> if the uninsured don't want this, if they don't boy into it, who will pay for it? sit us? >> exactly. we will end up footing the bill. the problem. the catastrophe was it is a bill that is an abiz malfailure. i'm trying to look at the bright spots of this. where is the good stuff? but again and again i encounter, quite...
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Feb 26, 2014
02/14
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speaker, this republican tax plan, radical tax plan will for the first time tax workers for their health insurance benefits that they are provided through their job and taxed previously untaxed social security income. the question again is, whose side are they on? with that, mr. speaker, i'd like to yield three minutes to the gentleman from new jersey, my friend, mr. bill pascrell. the speaker pro tempore: the gentleman from new jersey is recognized for three minutes. mr. pascrell: thank you, mr. speaker. have the greatest respect for sincerely the good doctor. i think he's a reasonable man, a good person. but when you're explaining, you're losing. i rise in strong opposition to this legislation. after we learned last year about the inexcusable way the i.r.s. evaluated applications for tax-exempt status -- because that's what is at the heart of this issue -- i was hopeful we could have a bipartisan response. after all, it was not only conservative groups, as you've heard, that had their applications sing naled out simply because of words -- signaled out simply because of words tea party,
speaker, this republican tax plan, radical tax plan will for the first time tax workers for their health insurance benefits that they are provided through their job and taxed previously untaxed social security income. the question again is, whose side are they on? with that, mr. speaker, i'd like to yield three minutes to the gentleman from new jersey, my friend, mr. bill pascrell. the speaker pro tempore: the gentleman from new jersey is recognized for three minutes. mr. pascrell: thank you,...
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Feb 28, 2014
02/14
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CSPAN2
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the tax gap is a continuing challenge. the assessment is the tax gap is $450 billion annually. most of this amount, $376 million, is attributable to taxpayers underreporting their tax liability. the law provides certain new reporting requirements including merchant card reporting and fraud account reporting to help the irs identified and reported income. evaluating implementation of these requirements this year. implementation of tax law changes associated with the affordable care act will prevent many changes for the irs and the coming years. the affordable care act provides refundable tax credit known as the premium tax credit to offset an individual's health insurance expenses. as with other refundable credits there is the risk of improper payment. further, in september of 2013 we reported that a fraud mitigation strategy is not in place to guide affordable care systems, testing, initial deployment and long-term operations. the irs informed me new systems -- two new systems, but until these new systems are successfully developed and tested, there is concern that the irs exis
the tax gap is a continuing challenge. the assessment is the tax gap is $450 billion annually. most of this amount, $376 million, is attributable to taxpayers underreporting their tax liability. the law provides certain new reporting requirements including merchant card reporting and fraud account reporting to help the irs identified and reported income. evaluating implementation of these requirements this year. implementation of tax law changes associated with the affordable care act will...
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Mar 6, 2014
03/14
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CSPAN2
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or carbon tax or not income-based tax added to our existing tax system? >> senator hatch i think the budget lays out clearly our tax policies for the next 10 years. for a number of years the president has laid out as a pulse and how we look at social security reform and i would have to follow up with you on that. >> we would appreciate that a my time is up. >> senator burr and then senator scott. >> thank you mr. secretary and welcome. mr. secretary after lois lerner disclosed last summer that the irs had been targeting conservative organizations for more than a year both you and the president stated that you were in that quote outraged by that behavior. do you stand by that comment today? >> senator i have stood by my comments that actions taken reflected bad judgments and they were unacceptable and they couldn't happen again. we put in place and acting director of the iras who did a fine job to bring things into order and we have -- we are committed to running the best irs we can possibly run. equally i'm convinced there was not any kind of malicious ac
or carbon tax or not income-based tax added to our existing tax system? >> senator hatch i think the budget lays out clearly our tax policies for the next 10 years. for a number of years the president has laid out as a pulse and how we look at social security reform and i would have to follow up with you on that. >> we would appreciate that a my time is up. >> senator burr and then senator scott. >> thank you mr. secretary and welcome. mr. secretary after lois lerner...
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Mar 1, 2014
03/14
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CNBC
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it would pare back tax rates, tax breaks, simplify the tax code. but it's getting the cold shoulder from leaders of his own party and facing tougher criticism from conservatives. joining us now, steve forbes. chairman of forbes media and we have syndicated radio host hugh hewett author of the book "the happiest life." gee whiz i know there's some tweaks, lower rates, fewer rates, cutting the corporate tax, it's being scored as a big growth and jobs creator. why are you so against this dave camp reform plan? >> well, larry, thanks for having me on. it's not fair tax reform, it's not flat tax reform, it's a foolish tax reform, it's not a reform. it has four brackets. it will tax every american homeowner. it will tax charities that receive asset deductions opinion i want taxes people that make more than a million dollars a year and they are reacting positively with fury. here's what the real problem is. in an election year in which we have 14 competitive senate republican seats it's not on the list of priorities to even begin this debate. people want
it would pare back tax rates, tax breaks, simplify the tax code. but it's getting the cold shoulder from leaders of his own party and facing tougher criticism from conservatives. joining us now, steve forbes. chairman of forbes media and we have syndicated radio host hugh hewett author of the book "the happiest life." gee whiz i know there's some tweaks, lower rates, fewer rates, cutting the corporate tax, it's being scored as a big growth and jobs creator. why are you so against this...
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Mar 6, 2014
03/14
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dumais jor tax reform and come back and address the tax code again. that led the president to the view in july while he wants to pursue comprehensive tax reform and hopes we're in an environment we have a fiscal frame that permits us to make progress there, on the business side there ismuchore there is convergence of general approaches whereas if we were able to succeed you would do something new for the economy by having the business tax rate able to succeed we would do something very good for the economy by having the business tax rate, the statutory tax rate come down. our average tax rate is already lower because of all the loopholes that are bringing many companies special benefit. but our statutory rate is one of the highest in the world. th that's an extra burden for companies when they want to have their headquarters in the united states. it's an issue in terms of base erosion and our international conversations about making sure we don't have stateless income. i think it has the added benefit that there are one time savings where you really h
dumais jor tax reform and come back and address the tax code again. that led the president to the view in july while he wants to pursue comprehensive tax reform and hopes we're in an environment we have a fiscal frame that permits us to make progress there, on the business side there ismuchore there is convergence of general approaches whereas if we were able to succeed you would do something new for the economy by having the business tax rate able to succeed we would do something very good for...
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Mar 6, 2014
03/14
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in tefrps rms of tax reform. trying to put together two things that are about growth and the economy and things that we can come to agreement on. >> i think when you look at the provisions. raise the minimum wage. saying that people can reduce the hours of work. if you look at the credits in here for expending child and other family tax credits. this is the toughest it's been for main street. with all due respect as i listen to you today and see the budget, this budget is anything but fiscally responsible. we have heard the numbers over and over. we have heard $8.3 trillion in debt. and $25 trillion in debt by 2024. my constit wepts of my district are expected to balance their budgets. i'm going to tell you the budget is the issue with people. they understand the importance of balancing the budget. as a member of the transportation intrastructure committee we are working on how to maintain our highways and waterbays and intrastructure. and make it profit anl for fute twr future generations. it is recommended that
in tefrps rms of tax reform. trying to put together two things that are about growth and the economy and things that we can come to agreement on. >> i think when you look at the provisions. raise the minimum wage. saying that people can reduce the hours of work. if you look at the credits in here for expending child and other family tax credits. this is the toughest it's been for main street. with all due respect as i listen to you today and see the budget, this budget is anything but...